Ask Question
12 October, 21:19

Which of the following statements regarding C corporation is false?

+2
Answers (2)
  1. 12 October, 21:51
    0
    c corporation are generaly not subject
  2. 12 October, 22:24
    0
    These are the choices I found on the internet:

    A. C corporations are generally not subject to corporate income tax.

    B. C corporations are separate entities for tax purposes.

    C. Shareholders of a C corporation have limited liability.

    D. Shareholders of a C corporation are taxed only when the corporation distributes earnings and profits.

    The false one would be letter A - C corporations are generally not subject to corporate income tax. C corporations are subject to tax and may be taxed at a tax rate from 15 to 38 percent.
Know the Answer?